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with opportunity for all americans. at a time when the deficit is cut in half this allows us to meet our obligations to future generations without leaving them a mountain of debt. to the balance in congress but it also builds up on that progress with what we are calling an opportunity, growth and security initiative, that invests in our economic priorities in a smart way that is paid for with smart spending cuts and closing tax loopholes that right now only benefit the well-off and the well-connected. i will give you an example. right now the tax system provides benefits to wealthy individuals who save after they have amassed multimillion dollar retirement accounts. by closing that loophole we can help create jobs and grow the economy, and expand opportunity without adding a dime to the deficit. we know that the country that wins the race for new technologies will win new jobs so this creates 45 high-tech manufacturing hubs where universities and businesses will work for groundbreaking technology for new jobs in america. part of the reason we're here today is because education has to sta
it will be necessary. one of the goals is to have a deficit neutral budget by 2015. it will be hard for them to achieve that. decreaseto either public spending or privatization. one thing i am concerned about, it looks like we're interested in a transformation right now to more of a sovereign or hedge funds investor base. that is a difficult transition for that government. they will government demanding guarantees. it would also be some of the things attached to it, which may the bond issue doesn't work out and they cannot put together the right budget, people knuckle under and they have to jack up taxes. what would that mean for these kinds of properties? rican's who goo to this resort. will the business the fine regardless? >> a good point. tourism is one of the safe that's right now. there are continued -- everybody isees the economic turn down not about to stop. it will be a difficult time in the next years. that may attract more tourism. tourists is one thing. has he been successful with his plan to attract hedge funders, not to invest their but to move their? complicated more situation and even h
deficit issues. the need for sustainable fiscal path through the country to focus to the maximum extent possible on fiscal changes that would address the longer run issues that will be associated ratio rising debt to gdp over decades and to try to avoid doing harm to the recovery. i would take the same general position. a in the short run, there is value of additional physical stimulation in the economy that will complement what you are already doing and make it easier to withdraw the quantitative easing. is that a fair comment? >> i do think the economy is beginning to recover and we have made progress. minimum i would hope that fiscal policy would do no harm. >> one quick question. you and your predecessors have looked at the unemployment rate of 6.5% as a point of inflection if you will. one of the aspects of the labort situation is that participation is falling. that 6.5% might not actually capture the reality of the current economy. to be an adequate measure of undertakeeds to do to monetary easing. are you looking at other ways or looking beyond this unemployment rate to gauge you
Search Results 0 to 2 of about 3

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